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Western Hemisphere > Suriname

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Cover IMF Staff Country Reports
Suriname: 2011 Article IV Consultation-Staff Report, Informational Annex, Public Information Notice on the Executive Board Discussion and Statement by the Executive Director for Suriname
International Monetary Fund
In this paper, the economic growth of Suriname is discussed. The fiscal deficit shifted from 2.2 percent to 3.3 percent of GDP during 2009–10. In 2010, CLICO-Suriname was acquired by a local insurance company. The need to rein in current expenditure and avoid development of wage–price inflation and strengthen the social support programs are stressed by the authorities. The introduction of VAT and other systems are discussed. Finally, improvement over the business environment to facilitate the development of the private sector and global economy was encouraged.
Keywords:
ISCR; CR; consultation informational annex; consultation; Surinamese authorities; government; authority; credit growth; awareness of the need; dollarization ratio; Commercial banks; Credit; Gold; South America
Cover Departmental Papers
Suriname: Toward Stability and Growth
Mr. Masahiro Nozaki
,
Mr. Tobias Roy
,
Mr. Pawel Dyczewski
,
Mr. Bernhard Fritz-Krockow
,
Ms. Fanny M Torres Gavela
,
Mr. Gamal Z El-Masry
, and
Mr. Rafael A Portillo
This paper analyzes the economic growth and stability in Suriname. The paper highlights that in recent years, the outlook has turned substantively more positive. The favorable external environment and the stability-oriented policies of the Venetian administration have boosted confidence in the economy, leading to increased investment, domestic economic activity, and employment. The recent boom in commodity prices has helped boost growth, while increased gold production and investment in the mineral industry are projected to support continued growth in the coming years.
Keywords:
DPPP; DP; government; Suriname; exchange rate; company; foreign currency; central bank; U.S. dollar; monetary policy; interest rate; Exchange rates; Currencies; Inflation; Bank deposits; Gold; Caribbean; Global; South America; Western Hemisphere; Africa